Good News - Increases to our Medicaid Rates!
Governor Beshear held a press conference yesterday to announce the increase to the 7/1/23 Medicaid rates. After a call with the Cabinet, we have clarification on how the rates increase will be calculated. Medicaid has granted the Price Based Nursing Facilities a 3.0% inflationary adjustment to the price components of the rate, 8.94% increase to the Capital rate component, and a 6.5% “catch-up” adjustment.
If you would like Hargis to calculate your ACTUAL 7/1/23 Medicaid rate, please send the following:
• 4/1/23 Medicaid rate notice
• January thru March 2023 CMI
Please contact our office at (270) 726-4033.
Sarah McIntosh, President